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Sony Group put volume heavy and directionally bearish

Bearish flow noted in Sony (SONY) Group with 1,959 puts trading, or 1.8x expected. Most active are Jun-25 20 puts and Jul-25 22.5 puts, with total volume in those strikes near 580 contracts. The Put/Call Ratio is 2.25, while ATM IV is up nearly 7 points on the day. Earnings are expected on May 14th.

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